Bel Fuse Inc Stock Price, News & Analysis

Bel Fuse Inc. (Nasdaq: BELFA and BELFB) announced that CFO Farouq Tuweiq and Director of Financial Reporting Lynn Hutkin will present at the 24th Annual Needham Virtual Growth Conference on Jan 13 at 3:30 PM ET. They will host one-on-one investor meetings and provide updates on the business aimed at enhancing customer service and margins for long-term value. Key markets include electric vehicles, commercial air, and industrial sectors.

Bel Fuse announced the retention of Three Part Advisors for investor relations services to enhance shareholder communication and awareness. CFO Farouq Tuweiq highlighted various strategic initiatives aimed at improving customer service and profit margins. With a strong backlog and an innovative R&D pipeline, Bel aims to leverage these efforts for solid shareholder returns. TPA will assist in defining Bel’s messaging within the investment community, which has potential opportunities for growth and improved market visibility.

BEL FUSE INC. (NASDAQ:BELFA, BELFB) announced a quarterly cash dividend of $0.06 per share for Class A and $0.07 per share for Class B common shares. These dividends are payable on February 1, 2022, to shareholders recorded as of January 14, 2022. The company has approximately 12.4 million common shares outstanding, with 2.1 million Class A and 10.3 million Class B shares. This regular dividend distribution reflects BEL's commitment to returning value to shareholders while maintaining robust operations across various industries.

Bel Fuse announced a robust performance in Q3 2021 with net sales rising 18.1% to $147.0 million compared to $124.5 million in Q3 2020. Despite a decrease in gross profit margin to 24.5% from 26.8%, GAAP net earnings were $5.7 million, down from $7.5 million year-over-year. The company reported a record backlog of $390 million, reflecting over 100% growth since December 2020. Key segments contributing to growth included Power Solutions and Magnetics, bolstered by acquisitions. However, challenges like material shortages and rising costs posed pressure on sales and margins.

Bel Fuse has appointed Jacqueline Brito to its Board of Directors, expanding board membership to nine, with eight independent members. Ms. Brito is the founder of HR Asset Partners, bringing expertise in leadership development and organizational culture. Her background includes tenure at Rollins College and Orlando Sentinel Communications. Bel aims to drive initiatives in corporate strategy and associate engagement, and Brito’s insights are expected to enhance management strategies, benefiting shareholders. She will stand for election at the 2022 annual shareholders meeting.

Bel Fuse (Nasdaq: BELFA, BELFB) will announce its preliminary financial results for Q3 2021 on October 29, 2021, before market opening. A conference call is scheduled for 11:00 AM ET that day to discuss the results with investors. To join the call, participants can dial 866-248-8441 or 323-289-6576 internationally. The event will also be streamed live online and available for replay on the company’s investor relations website.

Bel Fuse announced participation in the 10th Annual Needham Virtual Industrial Tech, Robotics, & Clean Tech 1x1 Conference on August 6, 2021. Senior management will engage privately with investors, providing an opportunity for one-on-one meetings. Interested parties can book these sessions through the Needham & Co. online platform or by contacting Peter Seltzberg from Investor Relations. Bel specializes in products that empower electronic circuits, serving diverse sectors including telecommunications and aerospace, and operates globally.

BEL FUSE INC. (NASDAQ:BELFA, BELFB) has declared quarterly cash dividends of $0.06 per share for Class A and $0.07 for Class B common shares. These dividends are payable on November 1, 2021, to shareholders on record as of October 15, 2021. With approximately 12,415,000 shares outstanding, the distribution reflects the company's commitment to delivering returns to its investors. Bel Fuse designs and manufactures products serving diverse industries including telecommunications and aerospace.

Bel Fuse Inc. reported strong preliminary financial results for Q2 2021, with net sales increasing by 14.5% to $138.7 million. Gross profit rose to $34.2 million, but gross margin slightly decreased to 24.7%. GAAP net earnings reached $7.9 million, translating to $0.61 and $0.64 EPS for Class A and Class B shares, respectively. The company achieved a record backlog of $314 million, more than double the previous year. The report also highlighted contributions of $6 million from recent acquisitions, despite a planned discontinuation of a low-margin product line.